Nottingham house prices continue to rise as demand outweighs the amount of property currently on the market. The latest report from Rightmove compiles property information throughout the UK.
- Demand for housing remains high
- There is still a shortage of properties for sale, resulting in many buyers missing out
- Sales agreed are up 4.6% on last month
- Fantastic low interest mortgage rates means property sales are up
- East Midlands house prices are up 4.9% on last year
With a large amount of excess buyers, and with prices still on the up, is now the right time to consider selling your home?
Nottingham house prices
Nottingham house prices continue to rise and were joint 2nd across the country in terms of increase at 0.9%. Nottingham property values are also up 6% on the previous year. The average Nottingham house price stands at £145,900.
Looking at this graph provided by Hometrack, you can see that prices are continuing to rise since 2010.
Rental prices are also up 2.8% this quarter and 1.9% on last year. The average asking rent across the whole of the UK is now at £790 per calendar month.
How much is your property worth?
Are you coming up to the end of your fixed rate mortgage deal? With mortgage rates at the lowest we have seen in years we would definitely recommend having a chat with an independent mortgage broker. You can arrange for a quick phone call using the form below, or a face to face meeting. See how much money you can save!
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up with repayments on your mortgage. Think carefully before securing a debt against your home.